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130 Mulberry Street, Madison, IN 47250

$200,000
: 3
BD
: 2
BA
: 1,985
SqFt

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Sold Price: $200,000
List Price: $229,900
Status: CLOSED
Days on Market: 48
Closing Date: Jun 12, 2026
MLS#: 202606294
Subtype: Residential
Style: One Story
Architectural Style: One Story
Year Built: 1900
Bedrooms: 3
Bathrooms: 2
Full Baths: 2
Living Area: 1,985
Lot Size: 7,056
Acres: 0.16
MLS Area Major: Downtown

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Property Description

Prime downtown Madison investment opportunity! This corner-lot property is ideally located just one block from the Ohio River and beautiful Bicentennial Park. Offering two units — a 1-bedroom, 1 full bath and a 2-bedroom, 1 full bath — this property is perfect for investors, short-term rental potential, or convert to a single family home. Recent big-ticket updates include a 3-year-old roof, two brand-new water heaters (only 4 months old), and furnaces that are just 4 years old — helping reduce near-term maintenance costs. Enjoy walkable access to local shops, dining, riverfront views, and all that historic downtown Madison has to offer. A turnkey opportunity in a highly desirable location! Home is being sold "AS IS".

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Additional Information

Taxes: $1,107
Property Description: One Story
Zoning: Residential
Appliances: Dryer, Dishwasher, Oven, Range, Refrigerator, Washer
Heating: Forced Air
Air Conditioning: Central Air
Stories: 1
Levels: One
Roof: Metal
View: River